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Regions Bank vs Bank of America

Regions Bank is a south and Midwest bank with special reward programs. How does it compare to Bank of America? Read our comparison chart below.

Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Regions Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Regions Bank

Bank of America

SPECIAL OFFER
LifeGreen Savings Account – Up to $100 Annual Savings Bonus - Learn More

Read Regions Bank Review

SPECIAL OFFER
Bank of America Advantage Plus Banking® - $100 Bonus Offer - Learn More

Read Bank of America Review

 

Benefits and Features

Savings
0.01% APY
Check
CD
0.01% APY - 0.05% APY
Check
Checking 
Check
Money Market
0.01% APY
 
Customer Service24/7 Telephone Customer Service
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
ATMsMore than 1900 ATMs in 15 Southern and Midwestern US states.
Approximately 17,000 ATMs
IRA CD
Check
Check
IRA Money Market
0.01% APY
 
LocationsMore than 1500 branches in 16 Southern and Midwestern US states.Approximately 4,300 retail financial centers
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarHalf StarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Pros & ConsPros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY
Pros:
  • Large branch network
  • Extended customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous banking fees
Bottom LineSouth and Midwest bank with special reward programs... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Regions Bank: Pricing information from published website as of 03/9/2022 based on 35203 zip code.

Bank of America: Pricing information from published website as of 3/25/2022 based on 91107 zip code.

Which is Better: Regions Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Regions Bank or Chase.

In short: Regions Bank's savings, cd, and checking are notable. Bank of America's mobile app is noteworthy.


Articles on Regions Bank

Regions Bank Review

Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you.

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?





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About CreditDonkey
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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